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Rules are a missed opportunity – AITC

The Association of Investment Trust Companies has branded the depolarisation rules a missed opportunity.
The trade body believes that the FSA has missed out on a chance to unbundle the cost of advice from the cost of a product.
It wanted to see a regime where advisers could be transparent about their costs since they were not tied to the product in any way.
AITC communications director Annabel Brodie-Smith says: “What this is all about is distribution and how effectively products are sold.
“That is not always in the best interests of the consumer. By making the cost of advice separate you could have increased the quality of advice.”

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